Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Cary Salsberg who wrote (10299)	6/9/2004 2:51:12 PM
From: Sam Citron	Read Replies (3) of 25522

I think I should be able to [cite some empirical evidence of a country where such isolationist/protectionist] policies have helped, but, usually, it is limited to specific industries and to countries that are not as integral to the world economy as the US. As far as I am concerned the more limited the intervention the better, so I am all ears, or eyes. <g> Does globalization increase the US economic pie? If the answer is yes, then the problem is redistribution of the pie because it is obvious that benefits are not close to being uniform. Distribution must help those hurt by globalization while shrinking the US pie as little as possible. I agree with this approach. I think there is a pareto optimal level of globalization for which the winners can easily compensate the losers (without necessarily diminishing their incentives) and both groups will be better off than they would be without globalization.

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